I read not long ago that 75% of CFOs predict a recession in the USA by the end of 2020. Isn't that funny the coincidence with the BTC halving? 
Italy has managed to avoid a recession, but there are still concerns, and I am not even talking about Germany. If a recession happens in Europe people/companies will switch to a safer currency like CHF, GBP, or NOK.
Italy has managed to avoid a recession, but there are still concerns, and I am not even talking about Germany. If a recession happens in Europe people/companies will switch to a safer currency like CHF, GBP, or NOK.
I think it was Ben Bernanke that said that recessions usually occur because of a policy mistake - most often a combination of the Fed hiking interest rates too much and regulators ignoring problems building up in the financial sector.
It looks like Jerome Powell has hit the sweet spot as far as interest rates go. He is still doing Quantitative Tightening. And he's trying to jawbone the corporate sector into deleveraging. If he is successful, then the expansion may last another four years. It's all to play for.